Addressing Changes in the Consumer Market Through New Business Development
First written in FY2019. 2 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2021-Q1.
93 other companies' latest entry also says "Advanced".
- FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 18 August 2020, the Company resolved to acquire the shares of ビューティードア・ホールディングス株式会社 and make it a subsidiary. The Company made it a subsidiary by acquiring the shares effective 1 October 2020.」
As a measure toward developing new businesses and becoming a true manufacturer, the acquisition of a company with manufacturing expertise in cosmetics and quasi-drugs was completed on 1 October 2020 and reflected in the consolidated results. - FY2020AdvancedAnnual report
「As we advance our transformation into a true manufacturer, we made Beautydoor Holdings Co., Ltd. a subsidiary in October 2020 to acquire manufacturing expertise and improve our manufacturing capabilities.」
As a concrete step under the policy of pursuing new business development without remaining wedded to existing markets and methods, the Company made a company with manufacturing expertise in cosmetics and quasi-drugs a subsidiary. - FY2019First statedAnnual report
「In light of these changes in the times, we will not remain wedded to existing markets and methods. Instead, we will draw on our corporate DNA of “seeds of change” and pursue the development of new businesses.」
In light of changes in consumer markets driven by the internet and social media, the Company newly presented the development of new businesses as an independent challenge, with a policy of not relying on existing markets and methods.